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stocks for ira

Discussion in 'Lawn Mowing' started by richard2, Jun 27, 2000.

  1. richard2

    richard2 Banned
    Posts: 101

    what's everyone buying? i just bought a bunch of DRUGSTORE.COM, what funds are other people looking at?
     
  2. Toroguy

    Toroguy LawnSite Bronze Member
    Posts: 1,075

    richard,<br>I buy value stocks, and time the market for corrections. You pay short term capital gains tax but keep hitting the 10-20% gains and out.<p>I tried the long term approach, doubled my money on AMTD and CPQ, only to watch it go away. Short term approach works for me now.<p>I Dont play Funds or shorting or buy on margin. Good Luck.
     
  3. Lazer

    Lazer LawnSite Bronze Member
    Posts: 1,446

    It's an IRA!<p>You can only put in 2000.00/year, 4000 with your spouse and you don't take it out until 59+.<p>I started when I was 24 and our IRA's have done well, but it's still too little money to buy individual stocks. <p>Buy funds, you pay the fund management +/- 1% to pick and trade those stocks for you. You think you can beat these top fund managers over 30+ years? I doubt it.<p>Don't get me wrong, I do have an ameritrade account that I trade with, especially during the off-season, but I leave my retirement with professionals.<p>American, Janus, Kemper, Franklin Templeton and other fund families are all good investments.
     
  4. Nilsson Associates

    Nilsson Associates LawnSite Member
    Posts: 243

    70% in mutuals, spread between the top 5 funds, make sure they don't all pick from the same pile of stocks, 10% high speculation and 20% in cash stashed under your pillow.
     
  5. SKDCO

    SKDCO LawnSite Member
    Posts: 88

    Phillip Morris; They own Kraft foods, Miller Brewing, And of course they mfg. cigarettes. They also purchased Nabisco Foods just this week. Also look at municipalities.
     
  6. CA Enterprises

    CA Enterprises LawnSite Member
    Posts: 82

    JANUS...JANUS...JANUSS...!!!!!!<p>Need I say more. Check their website. Great performers!!!!!<p>Adam:)
     
  7. thelawnguy

    thelawnguy LawnSite Silver Member
    Posts: 2,412

    Stocks in an IRA are an accounting nightmare (or so I have been told). For IRA stick with mutual funds, type will depend on your age and risk tolerance. The closer to retirement, wisdom dictates the more conservative the investment. Myself, I have 25 years before I can touch my IRA so its divided among global funds and aggressive growth funds. <p>Bill
     
  8. GrassRoots Lawn Care

    GrassRoots Lawn Care Guest
    Posts: 0

    I recommend an Index fund for retirement. Janus Funds are also great performers. <p>----------<br>Mike Reynolds,<br>GrassRoots Lawn Care, Florida
     

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